Workforce Disclosure Initiative
Improving data on how companies manage workers across their operations and supply chains.
The Workforce Disclosure Initiative (WDI) aims to improve corporate transparency and accountability on workforce issues, provide companies and investors with comprehensive and comparable data and help increase the provision of good jobs worldwide.
The WDI investor coalition is made up of 53 institutions, with $7.5 trillion in assets under management. Through our annual survey and engagement programme we generate new data on workforce practices, which our signatories integrate into their investment analysis, and practical insights on how to address pressing workforce issues. In 2020, 141 global companies took part in the Initiative, demonstrating their commitment to transparency – a 20 per cent increase on 2019.
Why does workforce reporting matter?
At a time of rapid change in the labour market, stark social and economic inequalities and growing distrust in the corporate sector, investors, regulators and consumers alike are calling for greater transparency. Workforce disclosure – or reporting – offers companies a way to hold a mirror to their own activities, ensure their policies and practices are aligned with international standards, and demonstrate publicly that their workforce practices are delivering for both the company and its workers.
Why the Workforce Disclosure Initiative?
Designed with the input of investors, companies, trade unions and subject matter experts, the WDI survey has been designed to gather the information on the issues most crucial to decent work and human rights in the workplace. The WDI survey is aligned with other reporting frameworks including DJSI, GRI, the UNGPs and the SDGs, and offers a comprehensive and comparable reporting system.
Run by ShareAction and part-funded by the UK Government’s Foreign, Commonwealth and Development Office (FCDO), the WDI platform allows companies to demonstrate to their investors, clients and other stakeholders how they manage their staff and supply chain workers, and show how their approach to workforce management is aligned with their business strategy.
To date, companies disclosing data to the WDI have provided evidence of efforts to improve health and safety standards, policies and practices related to employee wellbeing, and actions relating to supply chain management.
The WDI is the high water mark in terms of social related disclosures. No other framework would capture the issues that they are looking at now (modern slavery; specifically migrant worker document withholding). It is designed with investors and companies in mind and is accessible
Director of Corporate Engagement, Domini Impact Investments